CCH Learning Center

Individual Income Tax Refresher Course Part 5: Form 1040 Business Income and Expenses (2005 Edition)

This is the fifth in a series of courses on Form 1040 preparation. All of the courses in this series have been fully updated to reflect recent legislative changes.

Business Income and Expenses details requirements for determining business income and deductions using Schedule C or Schedule C-EZ.

The course also focuses on typical business deductions and how business property is depreciated.

Topics covered include:

• Who May Use Schedule C-EZ
• Business Operating Expenses
• Depreciation and Depreciation Recapture
• Bad Debts
• Home Office Expenses